ETH: Ethereum drowns below $2,500 Mark
June 13, 2025
eth-usd
Ethereum experienced a significant drop, plunging more than 9% below $2,500 in the last day.
Written by:
Olumide Adesina
•
Friday, June 13, 2025
•
1 min read
•
Last updated: Friday, June 13, 2025
Quick overview
- Ethereum’s price dropped over 9% to below $2,500, reducing its recent gains to $2,860.
- The decline follows Israel’s alleged preemptive strike against Iran, with expectations of retaliatory attacks.
- The cryptocurrency market saw over $1 billion in liquidations, primarily affecting long positions.
- The number of Ethereum whales has decreased, indicating potential caution among major holders and waning institutional confidence.
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